Roth Capital has begun coverage on Check Point Software Technologies Ltd. (CHKP, Financial), assigning a Neutral rating along with a price target of $215. According to analyst Taz Koujalgi, the cybersecurity company's growth is underperforming compared to industry peers, and the addition of new customers remains modest.
The analysis also points out that despite efforts to diversify its product offerings, a significant portion of Check Point's revenue—approximately 80%—still comes from its firewall solutions. This reliance on a single product category could be a limiting factor in the company's overall growth trajectory.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 30 analysts, the average target price for Check Point Software Technologies Ltd (CHKP, Financial) is $238.68 with a high estimate of $285.00 and a low estimate of $164.14. The average target implies an upside of 12.42% from the current price of $212.31. More detailed estimate data can be found on the Check Point Software Technologies Ltd (CHKP) Forecast page.
Based on the consensus recommendation from 39 brokerage firms, Check Point Software Technologies Ltd's (CHKP, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Check Point Software Technologies Ltd (CHKP, Financial) in one year is $185.42, suggesting a downside of 12.67% from the current price of $212.31. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Check Point Software Technologies Ltd (CHKP) Summary page.
